Investing

Friday's Top Analyst Upgrades and Downgrades: Allstate, Costco, EA, Etsy, Lyft, Plug Power, Qualcomm, Roku, Starbucks and More

Lyft Inc. (NASDAQ: LYFT): Daiwa Securities upgraded the popular ride-sharing stock to Buy from Outperform and has a $60 price target. That compares with a higher $69.21 consensus target and the final print on Thursday of $49.14.

Macerich Co. (NYSE: MAC): Piper Sandler upgraded the real estate giant to Overweight from Neutral and also raised the target price to $22 from $15. The consensus target is $18.60, and the stock was last seen at $21.64 on Thursday.

Peloton Interactive Inc. (NASDAQ: PTON): Truist Securities downgraded the home fitness stock to Hold from Buy and has a $68 price target. The consensus target is $127.19. The stock closed trading on Thursday at $86.06, but it was blasted in premarket action, falling a stunning 31%, after reporting a wider-than-expected net loss for the September quarter and cutting its full fiscal-year outlook.

Plug Power Inc. (NASDAQ: PLUG): SMBC Nikko started coverage with an Outperform rating and a $50 price objective. That compares with the lower $44.89 consensus and Thursday closing print of $40.23.

Qualcomm Inc. (NASDAQ: QCOM): DZ Bank upgraded the shares to Buy from Hold and has a $168 price target. The consensus target is $179.22. The shares closed Thursday at $156.11, up almost 13% on the day on knockout third-quarter results.

Roku Inc. (NASDAQ: ROKU): Deutsche Bank reiterated its Buy rating on the stock but slashed the target price to $400 from $500. JPMorgan reiterated an Underweight rating and cut the price objective to $295 from $310. The consensus target is $456.12. The stock closed on Thursday at $289.39, which was down almost 8% for the day after the company missed analysts’ earnings expectations.

Starbucks Corp. (NASDAQ: SBUX): Argus downgraded the stock to Hold from Buy. Zacks said that earnings are roasting investors, and the firm selected this coffee retailer as the Bear of the Day stock. The shares closed most recently at $112.16 and have a $122.62 consensus price target.


Five outstanding blue chip stocks have been hit hard this year and are offering growth and income investors incredible entry points and some big and, most importantly, reliable dividends. They are in sectors that look to benefit from the continued reopening of the economy as well.

Thursday’s top analyst upgrades and downgrades included BlackRock, Devon Energy, DuPont, JD.com, PayPal, Qualcomm, Simon Properties, Square and Zillow.

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